[Breaking] Wiz Walks Away from $23 Billion Google Deal, Pursues IPO

- Google is reportedly planning to acquire Wiz, a cloud cybersecurity startup, for $23 billion, making it the largest acquisition in Google's history. - Wiz, based in New York City, offers advanced security tools for enterprise cloud infrastructure, partnering with giants like Amazon and Oracle. - The acquisition is seen as a strategic move to bolster Google's cloud security capabilities, especially in light of recent security breaches at Microsoft. - Google Cloud's Thomas Kurian is leading the acquisition effort, which follows previous significant investments in cloud security, including the purchase of Mandiant. - While the deal appears likely, it faces potential regulatory scrutiny from US authorities, given the current administration's focus on antitrust actions. Source: The Verge

This may sound like a dumb question, but why do these companies fire just before the IPO? isn't an IPO a good thing? More cashflow. Shouldn't they be taking care of their employees who made it reach there? What exactly is the thought process behind this mass layoff before IPO?

Just got super curious

https://techcrunch.com/2024/04/18/wiz-is-in-talks-to-buy-lacework-for-150-200m-security-firm-was-last-valued-at-8-3b/

Waze Map got acquired by Google for $1.3 Bn in 2013. 10 years later, Google's decided to cease Waze’s ad platform in favour of Google Ads technology. Waze advertising was more than just ads; it’s about creating connections. Users enjoy relevant, location-centric promotions, while businesses connect with potential customers right when they’re most likely to visit. It’s a model that turned every drive into an opportunity – both for businesses to grow and for users to discover. Wrote about it here: https://talesofss.com/google-waze-advertising-changes/

That has made me seriously look at non-FAANG jobs. FAANG no longer pays the best and no longer is the best work culture, is something I am starting to realise the more I talk to my friends about it.

I am slightly confused about which company to join from the following: 1. Meesho ( Unicorn Startup) Role : APM - 1 Salary: 17.5 (Base) + 8 (ESOPs) Mode : 2 day work from office 2. Wingify (Bootstrap B2B SaaS startup) Role : PM Salary: 15 Base + 1 Joining Bonus + 1 Performance Based Bonus + Unknown Performance Based Stock Options Mode: WFH 3. Docsumo.ai ( Seed funded Startup) Role: APM Salary: 17.5 (Base) + 1 (Fixed Bonus) + 7 ESOPs Mode: 3 day work from office Currently : APM at a seed stage startup 15 Base + 1 Bonus + 2 ESOPs YOE: 1.3 Would really appreciate insights/advice on how to approach and also how to negotiate with Wingify.